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Topic: What would you do? (Read 2369 times)

You're 30. Have a job, good enough to pay the bills. Married. No children. You can afford a loan.

What would you use it for?1. Go back to school to get a Bachelor.2. Invest in your current home so you can sell it and buy your dream home.3. Adopt a child4. Don't get the loan and don't change anything that will complicate your stress-free life. LoL.

You can afford a Ioan. Get him. Joking. That's my name, but sometimes English speaking readers think it's Loan. Seriously speaking, I have no idea. I hate loans myself. Never was able to pay one back , but I have good reasons.

I definitely want to do something. I can't not do anything. Just go to work, come home, cook dinner, watch tv, go to bed. I gotta find me a project. LoL.I want to go back to school, but if I do, I won't have time for my home renovations and having children will also have to wait. If I start with the house, I won't have time for school and I'm pretty much stuck to this level of salary for the rest of my life. I know I can do so much more with myself, but if I let time fly, it will be too late for college. I want children, but if it doesn't happen the natural way, I want to adopt. But if I wait too long, I'll be too old for children. And so on, so on , so on....!!!

I'd suggest #4, but with a slight alteration as you said you can't not do anything. Don't get the loan. Do something that doesn't involve spending more money. You know...volunteer at a homeless shelter/pregnancy counseling center/food bank, etc., etc.

Or...write a great novel. Or...since you are now married...have a boatload of wonderful kids!!!

Yeah, loans are p. bad. Or so, I've heard. Luckily my student loan won't have to be paid back until I earn over a certain amount, and will disappear forever in 30 years... Which is why I'm not worried once I go to University in about a year. As for otherwise... yeah, if you can avoid getting one, just... give it a miss. That interest will totally cramp your style.

If you will, you can become all flame.Extra caritatem nulla salus.In order to become whole, take the "I" out of "holiness". सर्वभूतहितἌνω σχῶμεν τὰς καρδίας"Those who say religion has nothing to do with politics do not know what religion is." -- Mohandas GandhiY dduw bo'r diolch.

If you can go back to school without the debt, even better. Otherwise, stay away from all loans.

Why?I'm very good at it. I have mortgage, car payment, credit cards and I had other loans throughout the years. Never late, never missed a payment.I love loans. I can get what I want and then gradually pay for it. Sure, the interest can be high, but I will never ever ever be able to save $30,000! So I pick to get the loan, do what I want and use my lifetime to pay it off while I enjoy my "thing".

I know doctors that still pay for their medical school. I bet they have no problem with their loan, now that they make well over 100k/year.

When I said "Don't get the loan"...I meant doing one of the three things listed will actually add some stress to my life (which I'll probably enjoy), not the actual loan.

^ If you are confident of that, the price of school tends to go up every year, so I would lean toward a school loan if you want to do so. But remember that you are making a commitment. You may want to speak with a 3rd party you trust. I think you are an intelligent person, but committing oneself to a loan should be a decision which is cautiously taken.

If you can go back to school without the debt, even better. Otherwise, stay away from all loans.

Why?I'm very good at it. I have mortgage, car payment, credit cards and I had other loans throughout the years. Never late, never missed a payment.I love loans. I can get what I want and then gradually pay for it. Sure, the interest can be high, but I will never ever ever be able to save $30,000! So I pick to get the loan, do what I want and use my lifetime to pay it off while I enjoy my "thing".

I know doctors that still pay for their medical school. I bet they have no problem with their loan, now that they make well over 100k/year.

When I said "Don't get the loan"...I meant doing one of the three things listed will actually add some stress to my life (which I'll probably enjoy), not the actual loan.

Ahh....the consummate consumer ! I still say...stay away from all loans to the extent that you are able, and don't take on new ones unless it is, like buying a house (and even that is highly arguable), absolutely necessary.

If the loan is going to allow you to get money at a rate which beats what you speculate inflation will be. Always take it.

If you expect inflation to continue (I am just waiting to what the world will look like under deflation), then every dollar you have today is worth more than those you get in the future. So getting today's dollars in exchange for dollars from the year 2024 is a great idea, depending on the interest rate and all that.

If the loan is going to allow you to get money at a rate which beats what you speculate inflation will be. Always take it.

If you expect inflation to continue (I am just waiting to what the world will look like under deflation), then every dollar you have today is worth more than those you get in the future. So getting today's dollars in exchange for dollars from the year 2024 is a great idea, depending on the interest rate and all that.

The 2 most problematic words in your post = "speculate" and "expect". A third might be "depending". All seems pretty "iffy".

If the loan is going to allow you to get money at a rate which beats what you speculate inflation will be. Always take it.

If you expect inflation to continue (I am just waiting to what the world will look like under deflation), then every dollar you have today is worth more than those you get in the future. So getting today's dollars in exchange for dollars from the year 2024 is a great idea, depending on the interest rate and all that.

The 2 most problematic words in your post = "speculate" and "expect". A third might be "depending". All seems pretty "iffy".

Inflation increasing seems iffy? You are always speculating with every dollar you use in capitalism. If you just stick it under your bed, you making a speculative decision about the future of that dollar's worth.

If the loan is going to allow you to get money at a rate which beats what you speculate inflation will be. Always take it.

If you expect inflation to continue (I am just waiting to what the world will look like under deflation), then every dollar you have today is worth more than those you get in the future. So getting today's dollars in exchange for dollars from the year 2024 is a great idea, depending on the interest rate and all that.

The 2 most problematic words in your post = "speculate" and "expect". A third might be "depending". All seems pretty "iffy".

Inflation increasing seems iffy? You are always speculating with every dollar you use in capitalism. If you just stick it under your bed, you making a speculative decision about the future of that dollar's worth.

So..... "you speculate what inflation will be"....seems pretty "iffy", no? And if it turns out to be other than your speculation....?

I didn't say "inflation increasing seems iffy." Your use of words like "speculate" and "expect" is what makes the whole exercise "iffy". "If" you're right, well...that's great. "If" you're not, you could be screwed. Oh well.....

Lots and lots of our decisions in life are based upon speculation and expectation. Lots of times we're wrong, too. The only thing I was trying to get across is...limit the potential for damage. Unless, of course, you're an adrenaline junky and love risk-taking. At my age, it's more about damage control . Plus, I'm not a particularly "good" member of the consumer society, as I try to limit my consumption and the spending it incurs--not always as successfully as I'd like though.

If the loan is going to allow you to get money at a rate which beats what you speculate inflation will be. Always take it.

If you expect inflation to continue (I am just waiting to what the world will look like under deflation), then every dollar you have today is worth more than those you get in the future. So getting today's dollars in exchange for dollars from the year 2024 is a great idea, depending on the interest rate and all that.

The 2 most problematic words in your post = "speculate" and "expect". A third might be "depending". All seems pretty "iffy".

Inflation increasing seems iffy? You are always speculating with every dollar you use in capitalism. If you just stick it under your bed, you making a speculative decision about the future of that dollar's worth.

So..... "you speculate what inflation will be"....seems pretty "iffy", no? And if it turns out to be other than your speculation....?

I didn't say "inflation increasing seems iffy." Your use of words like "speculate" and "expect" is what makes the whole exercise "iffy". "If" you're right, well...that's great. "If" you're not, you could be screwed. Oh well.....

Lots and lots of our decisions in life are based upon speculation and expectation. Lots of times we're wrong, too. The only thing I was trying to get across is...limit the potential for damage. Unless, of course, you're an adrenaline junky and love risk-taking. At my age, it's more about damage control . Plus, I'm not a particularly "good" member of the consumer society, as I try to limit my consumption and the spending it incurs--not always as successfully as I'd like though.

Just realize that capitalism has laid hold of everything in the world and assigned it a value, even persons, feelings, etc, once valued that which is valued is in the world of economy which is a network of never ending speculation.

Choosing not to consume remains that which can be speculated upon. There is no escaping that spectre which haunts more than just Europe.

If the loan is going to allow you to get money at a rate which beats what you speculate inflation will be. Always take it.

If you expect inflation to continue (I am just waiting to what the world will look like under deflation), then every dollar you have today is worth more than those you get in the future. So getting today's dollars in exchange for dollars from the year 2024 is a great idea, depending on the interest rate and all that.

Well, how about looking at it as an investment?1. Even with a high interest rate, in four years with a good college degree, I can get a better paying job. I wouldn't start paying for that loan until I graduate anyway, so how bad could it be? It's just a very big change for me. Lifestyle will be just absolutely completely different. So it's scary. But I looooooove a good challenge.

2. I could invest it in the house I have to be able to sell it with a profit and use that as a down payment for a better house that will most likely become the house I will grow old in. This is risky, and it won't improve my finances, but I'll be satisfied with the place I'm in.

3. Well..a child is a child. I can't compare this with anything.

All in all, I would never ever ever afford any of this without a loan. I don't know how you guys are able to save a good couple of thousands or how long it takes you, but I don't have the patience to wait until I'm 50 to do something!

Well, how about looking at it as an investment?1. Even with a high interest rate, in four years with a good college degree, I can get a better paying job. I wouldn't start paying for that loan until I graduate anyway, so how bad could it be? It's just a very big change for me. Lifestyle will be just absolutely completely different. So it's scary. But I looooooove a good challenge.

2. I could invest it in the house I have to be able to sell it with a profit and use that as a down payment for a better house that will most likely become the house I will grow old in. This is risky, and it won't improve my finances, but I'll be satisfied with the place I'm in.

3. Well..a child is a child. I can't compare this with anything.

All in all, I would never ever ever afford any of this without a loan. I don't know how you guys are able to save a good couple of thousands or how long it takes you, but I don't have the patience to wait until I'm 50 to do something!

I still don't understand why some of you disagree with loaning money. [/quote]

1. You can get a better-paying job. I took loans out for my bachelor's and I was unemployed after I graduate. It's not a gurantee.

2. If your housing market is good and you plan on selling right away (because you know the market is in your favor), do it. Otherwise, it's better to save for a down payment. People do it all the time, it's not impossible. Without having to be 50.

3. You don't need a loan to have a kid. People do it all the time and adjust their lives.

Logged

Happy shall he be, that shall take and dash thy little ones against the rock. Alleluia.

If the loan is going to allow you to get money at a rate which beats what you speculate inflation will be. Always take it.

If you expect inflation to continue (I am just waiting to what the world will look like under deflation), then every dollar you have today is worth more than those you get in the future. So getting today's dollars in exchange for dollars from the year 2024 is a great idea, depending on the interest rate and all that.

Well, how about looking at it as an investment?1. Even with a high interest rate, in four years with a good college degree, I can get a better paying job. I wouldn't start paying for that loan until I graduate anyway, so how bad could it be? It's just a very big change for me. Lifestyle will be just absolutely completely different. So it's scary. But I looooooove a good challenge.

2. I could invest it in the house I have to be able to sell it with a profit and use that as a down payment for a better house that will most likely become the house I will grow old in. This is risky, and it won't improve my finances, but I'll be satisfied with the place I'm in.

3. Well..a child is a child. I can't compare this with anything.

All in all, I would never ever ever afford any of this without a loan. I don't know how you guys are able to save a good couple of thousands or how long it takes you, but I don't have the patience to wait until I'm 50 to do something!

I still don't understand why some of you disagree with loaning money.

I don't totally disagree with lending or borrowing money. Sometimes this is perceived to be necessary, especially in the consumer society we live in--most people need to borrow money to buy a house; many people need to borrow money to buy a car; sometimes people need to borrow money to deal with some kind of emergency. But...if you don't really need to, why do it? Used to be that many (most?) people either saved up to purchase those big expensive things, or simply did without. What's so wrong with doing without? Seems as though the standard for what is "needed" has been significantly lowered.

I see your point. I grew up watching a black and white TV, even though color TVs were available. My parents simply could not afford one, so they didn't buy it.

I'm not like that. If I want it, I better have it! I don't want stupid stuff though and I usually make elaborate plans and budgets on how I'll be paying for it. If it doesn't pass my math test, it ain't happening.

Trust me, I'm far from spoiled. But I'm a go-getter. I want it? I'll find a way to get it!

And I don't consider going back to school to continue my education or buying a house, stupid things.

Do you?

I always want to improve myself and my life. If I'm done aspiring for more or better, I might as well dig my hole.

I consider people that have no plans, no wishes, wants, goals, are wasting the life God gave them. God gave me the life, but I won't just sit here hoping it will be good. And surely, if it's not meant to be, it's not meant to be, but at least I die trying.

I consider people that have no plans, no wishes, wants, goals, are wasting the life God gave them.

How very American of you.

Amen. I consider the people mentioned above happy and contented with the life that God gave them.

Here is what I noticed in my time in Central and Eastern Europe.

In Central Europe you had the freedom to be content and satisfied. It was quite nice. Really, that States were so jarring when I got. It's hard to realize, if you are like me and realize that America is insane, how insane America is till you get a break for a handful of years from it.

In Eastern Europe there was an improvement, you had the freedom to fail. It was simply OK to have overshot and failed miserably. It was NBD. In central Europe, failure wasn't taken so warmly. But hey, you almost were a concert level musician and a nasty skiing accident took it away? No big deal. You might not even know the person had been a phenom at something in the past. You didn't have reinvent yourself, take second or third chance. Just get along and die.

I consider people that have no plans, no wishes, wants, goals, are wasting the life God gave them.

How very American of you.

Amen. I consider the people mentioned above happy and contented with the life that God gave them.

Amen. And amen.

Imagine, if you can, what society would be like if the majority of people were like that.

Kill me now!

You guys are weird.

But you managed to somehow show me how boring and uninteresting and disrespectful you all are. I hope you stay happy and have no regrets. You might've been the person curing cancer.............

Perhaps we have and are selectively sharing the cure with people who don't seek to constantly try to make themselves, others, and the world better. And we didn't really cure cancer by the way, we just learned how to live along side it till other things killed us. In the words of Mary, John, and Martin: Let it be!

I consider people that have no plans, no wishes, wants, goals, are wasting the life God gave them.

How very American of you.

Amen. I consider the people mentioned above happy and contented with the life that God gave them.

Here is what I noticed in my time in Central and Eastern Europe.

In Central Europe you had the freedom to be content and satisfied. It was quite nice. Really, that States were so jarring when I got. It's hard to realize, if you are like me and realize that America is insane, how insane America is till you get a break for a handful of years from it.

For what reasons do I agree with orthonorm? I guess because I think he's right about that. I was on a break from America for almost 20 years--it gave me a much different perspective on it when I returned. Or...did you mean something else?

For what reasons do I agree with orthonorm? I guess because I think he's right about that. I was on a break from America for almost 20 years--it gave me a much different perspective on it when I returned. Or...did you mean something else?

Because I've seen you post a lot of self hating posts and pictures overtime which suggests you have different reasons for why you think America is insane. Which is why I asked. You understand that you can agree but for different reasons right?

The problem with Americans are that they are in constant competition with each other. Whether it be in class, status, material possessions, spouses, etc. We have to give the perception we are better than you. We are afraid of derision when we fail.

Or point to our own successes to cover up on severe defeciences. Kinda like the 60 year old male suffering from erectile dysfunction who buys a Mazda Miata.

« Last Edit: December 18, 2013, 04:31:31 PM by Shiny »

Logged

“There is your brother, naked, crying, and you stand there confused over the choice of an attractive floor covering.”

For what reasons do I agree with orthonorm? I guess because I think he's right about that. I was on a break from America for almost 20 years--it gave me a much different perspective on it when I returned. Or...did you mean something else?

Because I've seen you post a lot of self hating posts and pictures overtime which suggests you have different reasons for why you think America is insane. Which is why I asked. You understand that you can agree but for different reasons right?

The problem with Americans are that they are in constant competition with each other. Whether it be in class, status, material possessions, spouses, etc. We have to give the perception we are better than you. We are afraid of derision when we fail.

Or point to our own successes to cover up on severe defeciences. Kinda like the 60 year old male suffering from erectile dysfunction who buys a Mazda Miata.

"Self hating posts and pictures"?!?!? Whatever are you babbling on about?

Of course I agree that people can agree about something but for different reasons. Perhaps if you want to discuss why I or others might think America is insane you should start another thread. At the end of the day, though, at least for the purposes of this discussion, what does it really matter?

And I actually kind of agree with your middle paragraph, although it is sweeping a bit too broadly and generally. Not all of us are afraid to fail or afraid of derision if and when we do.